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$KBR said it agreed to buy Wyle for $570MM. Wyle will become a KBR business unit within $KBR's Government Services segment and will maintain much of its current structure to ensure business continuity. The closing is expected to occur in 3Q16. The transaction is expected to be immediately add to $KBR's EPS.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.